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West Virginia Still Enjoys Low Foreclosures Rate

Thursday, June 7th, 2007

Since last year, West Virginia foreclosures rate have considerably increased by almost 250 percent. Surprisingly, the state enjoys a below than national average foreclosures rate, with one filing out of every 4,826 homes. Across the state, subprime mortgage loan products, adjustable rate mortgages in particular, have been blamed for the growing inventory of West Virginia foreclosed homes.

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